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Stock impact report

Weibo Reports First Quarter 2017 Financial Results

Weibo Corporation - American Depositary Shares (WB) 
Last weibo corporation - american depositary shares earnings: 2/26 05:00 am Check Earnings Report
US:NYSE Investor Relations: ir.weibo.com
Company Research Source: PR Newswire
BEIJING, May 16, 2017 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2017. First Quarter 2017 HighlightsNet revenues totaled $199.2 million, an increase of 67% year-over-year, exceeding the Company's guidance between $185 million and $190 million. Advertising and marketing revenues were $169.3 million, an increase of 71% year-over-year. Other revenues were $29.9 million, an increase of 49% year-over-year. Net income attributable to Weibo was $46.9 million, an increase of 561% year-over-year, and diluted net income per share was $0.21, compared to $0.03 for the same period last year. Non-GAAP net income attributable to Weibo was $57.8 million, an increase of 254% year-over-year, and non-GAAP diluted net income per share was $0.26, compared to $0.07 for the same period last year. Adjusted EBITDA was $70.5 million, an increase of Show less Read more
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